Turtle Beach (NASDAQ:TBCH - Get Free Report) posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.03) earnings per share for the quarter, topping analysts' consensus estimates of ($0.05) by $0.02, Zacks reports. Turtle Beach had a return on equity of 9.18% and a net margin of 1.41%. The company had revenue of $63.90 million during the quarter, compared to analysts' expectations of $62.33 million. Turtle Beach updated its FY 2025 guidance to EPS.
Turtle Beach Stock Performance
Turtle Beach stock traded up $0.23 during midday trading on Thursday, reaching $12.37. The stock had a trading volume of 97,140 shares, compared to its average volume of 296,141. The firm has a 50-day moving average price of $12.20. Turtle Beach has a twelve month low of $8.78 and a twelve month high of $19.50. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.26 and a quick ratio of 0.60. The stock has a market capitalization of $249.21 million, a PE ratio of 42.66, a PEG ratio of 0.77 and a beta of 2.04.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the company. Wedbush reiterated a "neutral" rating and set a $9.00 target price (down from $21.00) on shares of Turtle Beach in a research report on Tuesday, May 6th. Craig Hallum dropped their price target on shares of Turtle Beach from $23.00 to $16.00 and set a "buy" rating for the company in a research report on Friday, May 9th.
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About Turtle Beach
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Turtle Beach Corporation operates as an audio technology company. It develops, commercializes, and markets gaming headset solutions for various platforms, including video game and entertainment consoles, personal computers, handheld consoles, tablets, and mobile devices under the Turtle Beach brand. The company also offers gaming headsets, keyboards, mice, mousepads, and other accessories for the personal computer peripherals market under the brand of ROCCAT, as well as digital USB and analog microphones under the Neat Microphones brand.
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